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some of the most secretive of business laws exist there in panama. does that story prove the president's points, that business leaders don't come by successful initiatives on their own? >> well, i think certainly not, tom. i think the recent polls you've cited have shown that the president's false attacks on mitt romney aren't working right now and the people care about the economy. i want to turn to your point about the context of the president's you didn't build that remark. there was a good article by phil klein this morning saying that the contextually made that comment worse. if you look at the whole speech and what he's arguing, it's that the way that we're going to fix this economy, the way that we're going to get out of this ditch is through more government and not by unleashing the private sector. his argument was that people, small business owners, you're not that smart, you didn't work that hard, you didn't earn that. it happened because of the government. that's the wrong way to look at our economy right now. it's shown over the last thre
some of the most secretive of business laws exist there in panama. does that story prove the president's points, that business leaders don't come by successful initiatives on their own? >> well, i think certainly not, tom. i think the recent polls you've cited have shown that the president's false attacks on mitt romney aren't working right now and the people care about the economy. i want to turn to your point about the context of the president's you didn't build that remark. there was a...
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this is all talking about the fact that now reports have shown how bain was started by panama money, foreign money sources. is this a legitimate argument to have? >> it's all legitimate because it gets to who these people are, how they made their money. how they could possibly run things as president. but look, mitt romney is whacking away at president obama's achilles heel, which is jobs. the weak economy and the fact that jobs just aren't growing as fast as the american people would like. president obama is whacking away at mitt romney's achilles heel over the tax issue, over his lack of disclosure and you know, i agree with susan that there will be a reset button hit strategically advantageously for mitt romney. but i say ultimately, this tax return issue is an issue that's not going to go away. it just isn't. if the romney campaign doesn't do something before the debates, he's going to get whacked really, really hard. because this gets to -- the overall issue of transparency. whether you can trust the person who you are hoping -- who is asking you for your vote, that he's being t
this is all talking about the fact that now reports have shown how bain was started by panama money, foreign money sources. is this a legitimate argument to have? >> it's all legitimate because it gets to who these people are, how they made their money. how they could possibly run things as president. but look, mitt romney is whacking away at president obama's achilles heel, which is jobs. the weak economy and the fact that jobs just aren't growing as fast as the american people would...
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forget he's also saying side three other trade agreements just at the end of last year with south korea panama and colombia on top of that members of congress are hinting at the next free trade agreement might be with tunisia and there's plenty of debate to be had as to whether or not free trade agreements are good or bad or whether outsourcing is good or bad or inevitable in a globalized economy and we're going to get into that during our first panel tonight but before we get there can we just say let's cut the crap let's stop only thinking in terms of left versus right and see what's actually in front of our eyes while mitt romney and barack obama certainly have their differences both of these men support free trade policies that do impact american workers and take more jobs abroad neither one is really a champion for the american worker in those terms how happy we could inject that into the discussion on sunday's show which by the way we will talk more about later on it's night's program since as usual some people were just beside themselves that i a russian propagandist was allowed on and
forget he's also saying side three other trade agreements just at the end of last year with south korea panama and colombia on top of that members of congress are hinting at the next free trade agreement might be with tunisia and there's plenty of debate to be had as to whether or not free trade agreements are good or bad or whether outsourcing is good or bad or inevitable in a globalized economy and we're going to get into that during our first panel tonight but before we get there can we just...
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Jul 12, 2012
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camp panama, i describe in the article, a u.s. customs official calling it one of the filthiest money laundering sinks in the world. this is not -- we're not talking here about u.s. investors breaking u.s. tax -- we are talking about foreigners cloaking their money in these offshore structures and the money coming in. and that just raises an awful lot of questions. you know, did those investors break their own country tax laws? are they committing tax evasion in those countries? el salvador was certainly one of the countries where a lot of those investors were coming from. you know, that was a country torn apart by class warfare and military conflict. you know, this kind of thing about tax evasion can, you know, is sort of a symptom of the kind of impunity of the elite of these countries. it raises a very sort of nasty set of questions about, you know, was that a vehicle for foreign tax evading money? there's been a lot of that, you know, not just with bain capital. many companies. bain capital is not required by u.s. law to check
camp panama, i describe in the article, a u.s. customs official calling it one of the filthiest money laundering sinks in the world. this is not -- we're not talking here about u.s. investors breaking u.s. tax -- we are talking about foreigners cloaking their money in these offshore structures and the money coming in. and that just raises an awful lot of questions. you know, did those investors break their own country tax laws? are they committing tax evasion in those countries? el salvador was...
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capital came from foreign investors and the money actually came through corporations regist registered in panama which actually gave very preferential tax treatment. you didn't have to pay a whole lot of taxes. and so this story actually highlights the nebulous world of offshore accounts, tax perks for very wealthy folks that have been dogging mitt romney and his campaign now for a couple of weeks. >> there's the headline there of the article that you just mentioned, bain capital started with help of offshore investors. we should note here, of course, the romney campaign responding today, their response, here it is in part, quote, president obama's own jobs council advocating more foreign direct investment in the u.s. to help grow the economy, something president obama himself has been unable to do, as illustrated by the recent downgrades in gdp forecast. how these investors chose to invest is their decision, not bain capital's. do you think, mark murray, do you think any of this adds fuel to the fire over romney's tenure at bai? >> you know, craig, i think the danger for romney campaign is ther
capital came from foreign investors and the money actually came through corporations regist registered in panama which actually gave very preferential tax treatment. you didn't have to pay a whole lot of taxes. and so this story actually highlights the nebulous world of offshore accounts, tax perks for very wealthy folks that have been dogging mitt romney and his campaign now for a couple of weeks. >> there's the headline there of the article that you just mentioned, bain capital started...
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the times says quote, most of the foreign investors' money came through corporations registered in panama. then known for tax advantages and unusual banking secrecy. but it didn't matter to romney where the money was coming from, he kne
the times says quote, most of the foreign investors' money came through corporations registered in panama. then known for tax advantages and unusual banking secrecy. but it didn't matter to romney where the money was coming from, he kne
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Jul 13, 2012
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with the bushes, there was one particular ride, i think it was in panama city, but when the bush boys got in the back of the president's limo and they were talking, and every time -- you can't be alone with jeb bush for five minutes where he doesn't bring up the greatest man he's ever known. and then he starts talking about his dad. they would veer him away from the screen. they wou they revere him when nobody is looking, and what better judgment of a man that what his kids have to say about him when nobody is looking. >> that's absolutely true. in fact, the grandchildren do as well, and what's really interesting is barbara bush says that the family, because of the political life, the family was drawn closer together. >> well, there are two things, joe. you're exactly right. one is he was -- president bush was known as half-half when he was a kid because he would always -- if he had a dessert, he would say have half with whoever he was with. and he always said his greatest achievement is his kids still come home. >> yeah. that's a big one. >> your piece says family matters, and that's
with the bushes, there was one particular ride, i think it was in panama city, but when the bush boys got in the back of the president's limo and they were talking, and every time -- you can't be alone with jeb bush for five minutes where he doesn't bring up the greatest man he's ever known. and then he starts talking about his dad. they would veer him away from the screen. they wou they revere him when nobody is looking, and what better judgment of a man that what his kids have to say about...
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Jul 13, 2012
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sh, was at a panama city event where theather introduced john, i believet wa and hwas teang up u alys hea t eressn th chacter ihatou'r ing en nody i loing. th t bues,hereas o partular ri, thi it s in pana ty, but when the bush boys got in the back of the president's limo and they were talking, a every time -- y can'be alo wh jeb bh f fi mines wre heoesn brg uphereatt m hs ev know an the h srts tking abo his dad. they would veer him away from thecree ey w ey rere m wh noby is loing,nd wt bter judgnt o a manhahatis ki hav tsay aboim when nobody is looking. >> that's absolutely true. in fact, the grandchildren do as well, and what's really interesting is bbara bus say at t fami, becsef th poticali, t famy w awn csergeth. well, tre a twothgs, joe. you' ectlyrit. one is he was -- president bush was known as half-half when he was a kid because he would always- if he had a desst, he wld s havalf wit oeve hwas th. an he alwsaid h gates hievents his ks sll come home. >> yeah. that's a big one. >> your piece says family matters, and that's a huge part. >> what was really teresting, the day we w
sh, was at a panama city event where theather introduced john, i believet wa and hwas teang up u alys hea t eressn th chacter ihatou'r ing en nody i loing. th t bues,hereas o partular ri, thi it s in pana ty, but when the bush boys got in the back of the president's limo and they were talking, a every time -- y can'be alo wh jeb bh f fi mines wre heoesn brg uphereatt m hs ev know an the h srts tking abo his dad. they would veer him away from thecree ey w ey rere m wh noby is loing,nd wt bter...